Question 1

You created a consigned agreement with a supplier. The supplier shipped the goods, which you received in your receiving are a. After two days, you transferred the goods from receiving into your inventory and used it for your interorganization transfer order.Where is the ownership of the goods?

Options :

A : The ownership is with the buyer due to interorganization consigned inventory movement.

B : The ownership changes from the supplier to the buyer as soon as the goods are received in the receiving area.

C : The ownership is with the supplier because the supplier has not sent the consumption advice.

D : The ownership is with the supplier because the goods are not yet consumed.

Answer: A

Question 2

What happens when you accrue at receipt in receipt accounting?

Options :

A : Less timely accounting takes place

B : Less accounting and reconciliation take place.

C : Expenses and payables are booked when a supplier invoice is processed.

D : Accrual and expense are booked upon receipt. (*)

Answer: D

Question 3

An organization uses min-max planned items to generate movement requests automatically where the item's replenishment source is another subinventory. In this case, the min-max process should automatically generate a move request but it doesn't happen. What is the reason?

Options :

A : Replenishment movement requests is not enabled for status control

B : The source subinventory was not set at the organization level.

C : The source subinventory was not set at the item subinventory level.

D : Min-max report was generated at the subinventory level.

Answer: C

Question 4

Your supplier has reduced the supply quantity from 100 to 80 for a supply order with a requested quantity of 100. Supply Chain Orchestration is unable to find an alternative source of supply to meet this demand. What will this supply line be grouped under?

Options :

A : Exception

B : Jeopardy

C : Error

D : Mark for Review

Answer: A

Question 5

What is the role of a division in an enterprise structure?

Options :

A : It owns the assets of an enterprise.

B : It defines the destination of an expense.

C : It represents the primary organizing principle of an enterprise.

Answer: C

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